Bitcoin Bull Michael Saylor Dumps 370,000 MicroStrategy Stocks During 80% Price Rally By U.Today

U.Today – bull Michael Saylor has strategically offloaded 370,000 shares of MicroStrategy stock amid an 80% surge in its price, CNBC reveals. Saylor, the prominent advocate for cryptocurrency, utilized a predetermined stock-sale plan crafted last year, pocketing an impressive $372.7 million from the sales. His actions, largely regarded by experts as programmatic and unrelated to Saylor’s faith in MicroStrategy, have coincided with the company’s meteoric rise in valuation. MicroStrategy’s stock

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Two US Senators Introduce New Bipartisan Stablecoin Legislation

Two US lawmakers unveiled on Wednesday a proposed legislation that will create a regulatory framework for payment stablecoins. In a statement, senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) say the bipartisan Lummis-Gillibrand Payment Stablecoin Act will protect consumers, enable innovation and promote the dominance of the U.S. dollar while preserving the dual banking system. “In order to meet the growing demand for our ever-evolving financial industry, we need to

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Will Bitcoin’s Post-Halving Rally Push SHIB to $0.00004

Shiba Inu Price: Shiba Inu, the second-largest meme cryptocurrency, projected a sluggish price action this week, following the lead of Bitcoin’s pre-halving consolidation. As shown in the below chart, the daily chart projected alternate green and red in short bodies reflects no clear dominance among bulls or bears. However, an analysis of the daily chart shows the formation of a bullish reversal pattern, indicating the asset is poised for a

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Crypto advocacy group claims stablecoin bill would ‘violate free speech rights’

United States-based cryptocurrency advocacy organization Coin Center has expressed concerns about a bill recently introduced in the Senate to establish a regulatory framework and guardrails for payment stablecoins. In an April 19 notice, Coin Center claimed that the Lummis-Gillibrand Payment Stablecoin Act — introduced by Senators Kirsten Gillibrand and Cynthia Lummis — would be “bad policy” and unconstitutional for its proposed prohibition on algorithmic stablecoins. The group argued that banning

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$1,300,000 Up for Grabs As Major US City Launches New Guaranteed Income Pilot Program

One of the biggest cities in the US is preparing to hand $1.3 million to families who are struggling to pay their bills. The cash will be given with no strings attached to lower income families who qualify in Austin, Texas, reports the ABC-affiliated news station KVUE. The city council approved the program on Thursday, and the sign up process is not yet up and running. This is the second

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Heightened US Debt Figures Boost Bitcoin and Gold Adoption

The rise in United States debt has spurred inflow into Bitcoin (BTC) and Gold as investors look to hedge against inflation and macro factors. A new Reuters report shows concern about the country’s fiscal path leading to an increase in the price of Bitcoin. The debt ratio coupled with interest rate payments has taken a toll on the government’s spending sometimes exceeding budgets. “The U.S. budget deficit widened to $1.7

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Bitcoin Whales Bought the Dip, Stashing $1.2B of BTC Ahead of Halving

“While sellers on the margin appear to be derisking, there has also been opportunistic buying between $60,000-62,000 levels,” Coinbase Institutional research analyst David Han said in a Friday report. “We think this directional uncertainty speaks to our thesis of bitcoin’s divergent roles both as a risk and a safe haven asset,” he added. Source link

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Quant Analyst PlanB Predicts Bitcoin To Skyrocket by Over 4x – Here’s the Timeline

Closely followed quant analyst PlanB is predicting that the cycle top for Bitcoin (BTC) will be more than 4x the current value. The pseudonymous analyst tells his 1.9 million followers on the social media platform X that Bitcoin could put up massive gains after the April 19th halving event based on historic precedence. He believes the halving event, when miners’ rewards are cut in half, will once again be a

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Tether Injects 1 Billion USDT More as Bitcoin Halving Almost Here By U.Today

U.Today – As the countdown to the highly anticipated halving event inches closer, , the prominent issuer of USDT, has made a notable move by minting an additional one billion USDT on the network. This maneuver by Tether comes at a crucial point, with the Bitcoin halving set to occur in mere hours, now less than 100 blocks away. The minting of one billion USDT has sparked widespread interest and

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